Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (1) TMI 482 - AT - Income TaxReopening of assessment u/s 147 - unexplained cash deposits - HELD THAT:- CIT(Appeals) did not give further relief in respect of sum on account of non-furnishing of satisfactory evidence. Looking to the facts and circumstances as stated by the assessee and the material placed before the authorities below, the authorities ought to have made necessary inquiry to verify the correctness of the claim. No inquiry was made. Revenue has not rebutted the fact that wife and father of the assessee were having independent source of income. Therefore, the addition on the basis of no house-hold withdrawal is not justified. Direct the AO to delete the addition. Grounds raised by the assessee are allowed.
|